An Introduction to Contract Boilerplate
“Boilerplate” is standardized language used in common documents to reduce the time spent in negotiation and document preparation, explains Brad Reid, Senior Scholar, Dean Institute for Corporate Governance and Integrity at Lipscomb University, in an article published on the HuffingtonPost. He says it would be a mistake not to analyze boilerplate, because it may vary.
His article provides a brief and incomplete educational overview of some forms of boilerplate.
He covers such topics as choice of language provision, dispute resolution provisions, arbitration or mediation provisions, waiver of a jury trial, amendment and anti-waiver language, amendment and anti-waiver language, assignments and delegations, third party beneficiaries, force majeure, and more.
